John Agwunobi Sells 246 Shares of The Ensign Group (NASDAQ:ENSG) Stock

The Ensign Group, Inc. (NASDAQ:ENSG) Director John Agwunobi sold 246 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $179.82, for a total value of $44,235.72. Following the completion of the transaction, the director directly owned 9,233 shares in the company, valued at $1,660,278.06. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

The Ensign Group Trading Up 0.3%

Shares of ENSG stock opened at $175.46 on Friday. The business’s 50 day moving average is $178.42 and its two-hundred day moving average is $171.22. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.07. The Ensign Group, Inc. has a 12 month low of $118.73 and a 12 month high of $193.99. The company has a market cap of $10.16 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.81 and a beta of 0.86.

The Ensign Group (NASDAQ:ENSG) last posted its earnings results on Monday, November 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. The Ensign Group had a net margin of 6.80% and a return on equity of 16.77%. The Ensign Group’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $1.39 EPS. The Ensign Group has set its FY 2025 guidance at 6.480-6.540 EPS. Equities analysts predict that The Ensign Group, Inc. will post 5.59 EPS for the current year.

The Ensign Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, December 31st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, December 31st. This is an increase from The Ensign Group’s previous quarterly dividend of $0.06. The Ensign Group’s dividend payout ratio is currently 4.65%.

Institutional Trading of The Ensign Group

Several institutional investors have recently bought and sold shares of ENSG. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of The Ensign Group by 33.4% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 45,962 shares of the company’s stock worth $7,090,000 after purchasing an additional 11,496 shares in the last quarter. ABN AMRO Bank N.V. acquired a new position in The Ensign Group in the second quarter valued at about $970,000. Belpointe Asset Management LLC bought a new stake in The Ensign Group during the second quarter worth about $594,000. SG Americas Securities LLC increased its holdings in shares of The Ensign Group by 378.6% during the third quarter. SG Americas Securities LLC now owns 22,346 shares of the company’s stock worth $3,861,000 after buying an additional 17,677 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of The Ensign Group by 61.4% in the second quarter. Hood River Capital Management LLC now owns 492,016 shares of the company’s stock valued at $75,898,000 after acquiring an additional 187,262 shares during the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENSG. Stephens boosted their price objective on shares of The Ensign Group from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Royal Bank Of Canada restated an “outperform” rating and set a $206.00 price target (up from $177.00) on shares of The Ensign Group in a research note on Friday, November 14th. Truist Financial raised their price objective on The Ensign Group from $190.00 to $200.00 and gave the stock a “hold” rating in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of The Ensign Group in a research report on Thursday. Finally, UBS Group reaffirmed a “buy” rating and issued a $220.00 target price (up from $205.00) on shares of The Ensign Group in a research report on Wednesday, November 5th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, The Ensign Group presently has an average rating of “Moderate Buy” and an average price target of $196.40.

The Ensign Group Company Profile

The Ensign Group, Inc is a diversified provider of post-acute healthcare services in the United States, operating a network of skilled nursing, assisted living, independent living, home health and hospice care centers. The company’s model emphasizes integrated care by employing multidisciplinary teams—including nursing staff, therapists and physicians—to deliver personalized rehabilitation and long-term care services for seniors and other patients recovering from injury, illness or surgery.

Through its owned and managed centers, The Ensign Group offers a broad spectrum of rehabilitation services such as physical, occupational and speech therapy.